Equities across the Asia-Pacific region advanced on Monday, following the U.S. and China trade talk over the weekend in what were described as “very productive” trade discussions—although concrete details remain scarce.
Japan’s Nikkei 225 gained 0.29% in the morning session, while South Korea’s Kospi climbed 0.59%.
On the Chinese mainland, the Shanghai Composite increased 0.37%, and Shenzhen Composite rose 0.85%. Hong Kong’s Hang Seng Index also rose 0.84%.
Australian markets saw gains with the ASX 200 edged up 0.46%.
Meanwhile, U.S. futures pointed higher amid anticipation over more detailed developments in the U.S.-China trade negotiations.
The White House revealed on Sunday that a “trade deal” with China has been reached, although details were sparse following discussions between officials of the Trump administration and Chinese representatives over the weekend.
Treasury Secretary Scott Bessent described the Geneva negotiations as “productive,” emphasizing the substantial progress made. U.S. Trade Representative Jamieson Greer echoed these sentiments, announcing that some form of deal had been struck. He characterized the talks as very constructive but withheld further specifics.
Bessent said that he would give more details about the deal in the briefing on Monday morning.
China’s Vice Premier He Lifeng noted that the meeting resulted in substantial progress and important consensus, underscoring a new framework for dialogue on trade and economic matters.
Chinese International Trade Representative Li Chenggang indicated that more details on the negotiations would be released soon but did not specify a timeline for the announcement.
On Friday, the Dow Jones Industrial Average shed 119.07 points, or 0.29%, to finish at 41,249.38. The S&P 500 slipped 0.07% to close at 5,659.91, while the tech-heavy Nasdaq Composite was nearly unchanged, ending the session at 17,928.92.
